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These days, finding an affordable place to live in the 56207 area can be challenging. Home prices in 56207 are now at a median cost of $120,961, lower than the Minnesota average of $345,793.
The average cost of rent is $1,040/mo in 56207, primarily driven by the current value of real estate in the 56207 area. In 56207, 31.98% of households rent, and 54.75% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56207 is $8,747 per month. Households that rent pay about 11.89% of their income on rent here. 56207’s most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 56221, MN: equally priced homes
- 56267, MN: higher priced homes
- 56244, MN: higher priced homes
- 56323, MN: higher priced homes
- 56236, MN: higher priced homes
- 56240, MN: higher priced homes
- 56225, MN: higher priced homes
- 56210, MN: higher priced homes
- 56381, MN: higher priced homes
- 56211, MN: higher priced homes
Zip Codes with Similar Populations
- 81024, CO: higher priced homes
- 68664, NE: higher priced homes
- 64438, MO: higher priced homes
- 64636, MO: higher priced homes
- 64672, MO: less expensive homes
- 65048, MO: higher priced homes
- 65729, MO: higher priced homes
- 66008, KS: higher priced homes
- 66772, KS: equally priced homes
- 67066, KS: equally priced homes
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